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iEE16198 <br />BOOK �70 DGE 842 <br />AUDITOR'S PRESENTATION OF I.R.C. HOUSING AUTHORITY FINANCIAL <br />STATEMENT <br />Ms. Hill noted that part of the Housing Authority has been <br />combined with the Commission's report, but it also has its own <br />separate report which will be presented to its Board. <br />INDIAN RIVER COUNTY HOUSING AUTHORITY <br />BALANCE SHEET <br />September 30, 1987 <br />ASSETS <br />Current Assets: <br />Cash $ 23,953 <br />Accounts receivable 32,235 <br />Grants receivable 128,249 <br />Land inventory (Notes 2 and 3) 25,599 <br />Total current assets 210,036 <br />.Restricted Assets: <br />Cash <br />Total restricted assets <br />2,790 <br />2,790 <br />Property, Plant and Equipment (Note 2): <br />Building 2,322,663 <br />Land 146,426 <br />Machinery and equipment 41,277 <br />Furniture and fixtures 1,158 <br />Vehicles 3,400 <br />2,514,924 <br />Less accumulated depreciation <br />Total property, plant and equipment 2,514,924 <br />Other Assets: <br />Deposits <br />Total other assets <br />• <br />LIABILITIES AND EQUITY <br />Current Liabilities (Payable from Current Assets): <br />Notes payable (Note 4) <br />Contract payable <br />Accounts payable <br />Other accrued liabilities <br />Total current liabilities (payable from <br />current assets) <br />Current Liabilities (Payable from Restricted Assets): <br />Tenant deposits <br />Total current liabilities (payable from <br />restricted assets) <br />Long -Term Debt: <br />Bonds payable (Note 5) <br />Total long-term debt <br />Total liabilities <br />Contingencies (Note 7) <br />Equity: <br />Contributions <br />Retained earnings (Note 6) <br />Total equity <br />24 <br />894 <br />894 <br />,52,728,•44, <br />$ 122,882 <br />111,037 <br />16,909 <br />4,993 <br />255,821 <br />2,742 <br />2,742 <br />1,908,000 <br />1,908,000 <br />2,166,563 <br />538,221 <br />23,860 <br />562,081 <br />P2,778,.f+'_4 <br />